World Bank Chief Economist Reinhart on the COVID Crisis “Many Businesses Are In Sectors That Arent't Going To Recover”

In an interview, Carmen Reinhart, the World Bank’s chief economist, discusses why she considers rapid economic recovery to be an illusion and how the right debt-spending policies can help in the fight against growing poverty.
Carmen Reinhart

Carmen Reinhart

Foto: Martha Stewart / Courtesy Harvard Kennedy School
"The most recent World Bank report on poverty and shared prosperity shows the first spike in global poverty in over 20 years."
"The quicker you can clean the balance sheet for banks, the quicker the banks can start moving toward new lending."
Poverty in Buenos Aires: "This crisis is very regressive."

Poverty in Buenos Aires: "This crisis is very regressive."

Foto: Paula Acunzo / ZUMA WIRE / imago images
DER SPIEGEL 35/2020
Foto: Chris Kleponis / imago images
"When you’re fighting a war, you first have to win it."
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